Triumph acquires Goodrich pump and engine control unit

Triumph has signed a definitive agreement to acquire the pump and engine control systems business of Goodrich from United Technologies. The acquired business will operate as Triumph Engine Control Systems within the aerospace systems group.

The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter.

The acquired business is expected to add approximately $195m (£122) in annual revenue and to be immediately accretive to earnings.